AHF 8.89% 4.1¢ australian dairy nutritionals limited

OK got it. To be honest there is little shareholders can do...

  1. 10,600 Posts.
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    OK got it. To be honest there is little shareholders can do between now and the AGM in regards a potential 2nd strike unless you want to garner 5% of the votes (of issued capital being about 10m votes) and serve a notice to the Board under Section 249D of the Corporation Act requesting an EGM and seek to have the current non-executive directors removed and nominate at least 2 new Directors. There is whole process around how to go about this and my understanding is there isn't enough (known) votes to support this nor is their enough (known) votes to support alternative nominees and the question is who would the nominees be. Not too many professional company directors or investment houses like doing this as it alienates many people unless the company has fallen on awful crisis type situations (e.g. BAL).

    Otherwise it is a wait for the current strategy review to be completed and see what they release and also see what else they release to market as ASX announcements or media articles or broker reports etc.

    I agree the share price has slipped somewhat and some other things have slipped as well as a result it is causing some angst amongst many shareholders and the lack of crisp, clean communication is causing further grief.
 
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Last
4.1¢
Change
-0.004(8.89%)
Mkt cap ! $12.63M
Open High Low Value Volume
4.6¢ 4.6¢ 4.0¢ $78.25K 1.852M

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No. Vol. Price($)
5 141836 4.0¢
 

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Price($) Vol. No.
4.2¢ 2000 1
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